| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $670M | $585M | — | 14.5% | — |
| Op. Income | -$270M | -$269M | — | -0.5% | — |
| Gross Margin | 45.2% | 44.8% | — | 0.3pp | — |
| Net Margin | -37.2% | -42.6% | — | 5.4pp | — |
| EPS (Diluted) | $-1.05 | $-1.05 | — | 0.0% | — |
| Free Cash Flow | -$173M | -$53M | — | -225.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $670M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $303M |
| R&D Expenses | $96M |
| Selling & Marketing | $219M |
| General & Administrative | $139M |
| SG&A Expenses | $358M |
| Other Expenses | $119M |
| Operating Expenses | $573M |
| Cost & Expenses | $940M |
| OPERATING INCOME | -$270M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | -$249M |
| Income Tax Expense | -$409.0K |
| Net Income from Continuing Ops | -$249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$249M |
| D&A | $13M |
| EBIT | -$270M |
| EBITDA | -$257M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$249M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $693.0K |
| Change in Working Capital | $108M |
| OPERATING CASH FLOW | -$133M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | -$258M |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $984M |
| Other Investing Activities | $28M |
| NET CASH FROM INVESTING | -$389M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$173M |
| Net Change in Cash | -$521M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $518M |
| Short-Term Investments | $1.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $109M |
| Goodwill | $152M |
| Intangible Assets | $118M |
| Long-Term Investments | $864M |
| Tax Assets | -$864M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $810M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $74M |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $133.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $0 |
| Net Debt | -$518M |
